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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (23-12-2002)
- Investments
in National Saving Schemes ballooned by 67.45 percent
in the four months up to October 31, 2002, on expectations
that the government would cut the rates on these schemes
following the cut in Pakistan Investment Bonds rates.
- The
spokesman for the Board of Investment said the arrangements
to set up a modern trade centre duly equipped with
the latest business technologies at Singapore are in
the final stage and the venture named as "Pakistan
Trade Centre Singapore" shall go into full operation
with the dawn of the New Year.
- Bank
al-Falah, Limited and four companies' issue of Terms
Finance Certificates worth Rs. 1.789 billion will help
in increasing the size of debt market, registering
continued growth in the last couple of years.
- Foreign
Minister said Pakistan-Afghanistan ties were showing
growing level of confidence and hoped increased interaction
between the two governments will bring them closer.
- Federal
Commerce Minister said that Pakistan and Iran would
sign a bilateral trade agreement during the Iranian
President's visit to Pakistan.
- Minister
for Trade and Commerce said that the present trade
policies would change after taking all the chambers
of commerce and industries, federations and traders
associations into confidence.
- Mobilink
has signed a Memorandum of Understanding with United
Bank Limited to obtain structured trade facilities
worth $ 14.3 million from the bank.
- In
its first meeting after the elections, the Central
Development Working party (CDWP) is expected to approve
as many as 23 projects of Rs.13.92 billion on Monday.
- The
senior officials of the US Administration have promised
to make the registration of Pakistan nationals "as
easy and convenient as possible."
(Iqbal
Ahmad Khan)
Director (PA/IF)
23-12-2002
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